New Zealand GDP Slips 0.1% In Q4
(RTTNews) - Singapore's gross domestic product contracted a seasonally adjusted 0.1 percent on quarter in the fourth quarter of 2023, Statistics New Zealand said on Thursday.
That was shy of forecasts for an increase of 0.1 percent following the 0.3 percent decline in the previous three months as the country remains in recession.
Expenditure on GDP was flat on quarter, while GDP per capita fell 0.7 percent and real gross national disposable income fell 1.4 percent. Expenditure on GDP fell 0.6 percent and income GDP was down 0.6 percent.
On an annualized basis, GDP fell 0.3 percent - again missing forecasts for a gain of 0.1 percent after sinking 0.6 percent in the third quarter.
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New Zealand Manufacturing Index Improves In April - BusinessNZ
The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9.
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New Zealand Building Consents Ease 0.2% In March
The total number of building permits issued in New Zealand was down a seasonally adjusted 0.2 percent on month in March, Statistics New Zealand said on Thursday - coming in at 2,931.
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New Zealand Jobless Rate Rises To 4.3% In Q1
The unemployment rate in New Zealand came in at a seasonally adjusted 4.3 percent in the first quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Inflation Gains 0.6% On Quarter In Q1
Consumer prices in New Zealand were up a seasonally adjusted 0.6 percent on quarter in the first quarter of 2024, Statistics New Zealand said on Wednesday.
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New Zealand Services Index Slumps In March - BusinessNZ
The services sector in New Zealand fell into contraction territory in March, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 47.5.
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New Zealand Food Prices Rise 0.7% On Year In March
Food prices in New Zealand were up 0.7 percent on year in March, Statistics New Zealand said on Friday - slowing from 2.1 percent in February.
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New Zealand Manufacturing PMI Falls To 47.1 - BusinessNZ
The manufacturing sector in New Zealand continued to contract in March, and at a faster pace, the latest survey from BusinessNZ revealed on Friday with a Performance of Manufacturing Index score of 47.1.
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New Zealand Central Bank Holds Key Rate As Widely Expected
New Zealand's central bank left its benchmark rate unchanged for the sixth straight session as widely expected on Wednesday, as higher rates help to bring inflation to the target range. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to hold the Official Cash Rate at 5.50 percent.
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